The current steel market inventory is still low

Steel market is still in the low inventory at present, the arrival of the high cost, manufacturing stabilization American carbon steel eccentric reducer trending up obviously, supported by demand side steel prices in the short term up to down. This situation will continue to drive the downstream industry capital.

Unlike metallurgical coal prices, the ASME B16.25 Welding on the pipe end cap price of thermal coal remains dire. Reporters learned from qinhuangdao coal network data centre for the study of thermal expansion of seamless steel tubes people, the qinhuangdao thermal coal prices remain at 540-546 yuan/ton (5500 calories), prices of basic Seamless tube used in steam pipe consistent with last week. One analyst told reporters that at present, the domestic main coal enterprises promotion policy for thermal coal price has formed a larger, in fact the power coal prices have begun to stabilize, small areas appear agent rise phenomenon.
Turn to port Numbers, the current inventory is fallen to a relatively low level. On September 10, qinhuangdao port coal stockpiles have fallen to 6.14 million tons, to the lowest level since June this year, bohai sea four week port coal stockpiles fell 661000 tons, a drop of 3.72%.

On the other hand, the qinhuangdao port anchorage recently jumped to more than 100 ships. According to the Shanghai newspaper reporter understanding, July and August anchorage boats in only 20 or so. "The direct power supply factory inventories remain at around 19.7 days on average, prices are low, the power plant procurement enthusiasm begins to rise." Qinhuangdao coal network analyst said. Domestic coastal shipping costs have risen sharply is a more powerful evidence. As of September 6, the domestic coal dry bulk main routes, on average, sea freight rose by 2.95 yuan/ton to 44.40 yuan/ton, rose 7.12%.